FPFujiyama Power Systems544613QIP fundraising

Board approves QIP of up to Rs. 1,200 crore, allots 4,11,587 ESOP shares

Board meeting outcome of October 15, 2026 carries two decisions.

By ScoutQuest · Thu 15 Oct 2026, 6:10 PM IST · 2 min read

QIP size approved

not exceeding Rs. 1,200/- crore

ESOP allotment

4,11,587 equity shares of Re. 1/- each at Rs. 398.39/- per share under ESOP 2023

Paid-up capital

increased from Rs. 30.69 crore to Rs. 30.73 crore

Two decisions came out of the board meeting held on October 15, 2026: a plan to raise funds through a qualified institutions placement, and an allotment of shares to employees under an employee stock option plan.

Fund raising approved

• The Board considered and approved raising funds by way of issuance of equity shares of face value Re. 1/- each through a Qualified Institutions Placement (QIP).
• The aggregate amount is not exceeding Rs. 1,200/- crore (Rupees One Thousand Two Hundred Crore Only), inclusive of such premium, at such price or prices as may be determined in accordance with applicable law.
• The stated purpose is achieving and maintaining the minimum public shareholding requirements of the Company.
• It is subject to the approval of the shareholders, the stock exchanges and receipt of such regulatory, statutory and other approvals as may be applicable.
• The Board constituted and authorised a QIP Committee of directors to, among other things, determine the size, timing, number and price of the issue, identify eligible Qualified Institutional Buyers, approve allocation and allotment, appoint intermediaries and advisors, and make the requisite updates.
• Shareholder approval will be sought through postal ballot, and the postal ballot notice will be circulated to the shareholders in due course.

Employee stock option allotment

• On the recommendation of the Nomination and Remuneration Committee, the Board approved the issue and allotment of 4,11,587 equity shares of face value Re. 1/- each at an exercise price of Rs. 398.39/- per share under the Employee Stock Option Plan 2023, to eligible employees upon exercise of options.
• The premium per share is Rs. 397.39/-.
• The issued, subscribed and paid-up share capital of the Company stands increased from Rs. 30.69 crore (divided into 30,69,01,762 equity shares of Re. 1/- each) to Rs. 30.73 crore (divided into 30,73,13,349 equity shares of Re. 1/- each).
• The new equity shares issued shall rank pari passu with the existing equity shares.
• The Company is in the process of completing the other formalities relating to the issue and listing of the said shares and will file the necessary documents with the stock exchanges for listing and trading approvals.

What an investor may note

• The QIP is an approval by the Board to raise funds, and it is stated to be subject to shareholder approval, exchange approval and other regulatory or statutory approvals. The size, timing, number and price of the issue are to be determined by the QIP Committee within the approved aggregate limit.
• The stated objective links the fund raising to meeting minimum public shareholding requirements.
• The ESOP allotment adds 4,11,587 equity shares to the total of 30,73,13,349 equity shares of Re. 1/- each, and the resulting paid-up share capital is Rs. 30.73 crore.

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